In March 18, 2016, the State Council executive meeting examined and adopted the full implementation of "replacing business tax with value-added tax(VAT) pilot program, clear since May 1st this year, comprehensively implement the" pilot replacing business tax with value-added tax(VAT) ", the construction industry and real estate industry, financial services, life services included in the scope of the pilot. In March 23rd the Ministry of Finance and the State Administration of Taxation jointly issued the "notice on the full implementation of business tax VAT pilot" (fiscal 2016 36), subsequently issued regulations implementing rules and to make our city series, CPA as soon as possible to understand and grasp the policy of replacing business tax with value-added tax(VAT), grasp the "replacing business tax with value-added tax(VAT)" the key and difficult problems in practice, to help enterprises to obtain reasonable planning to reduce the tax burden of the dividend policy. April 21st I will be held in Ningbo City, a registered public accountant business changed to increase business training.

Bao Xinmin, director of the State Administration of Taxation distinguished experts, Ningbo Institute of certified public accountants professional technical and further education committee for the students as the "2016 replacing business tax with value-added tax(VAT) policy seminar theme analysis and audit attention". The city has more than 40 accounting firms, nearly 230 certified public accountants to participate in training.